2554 N Oak Park Avenue, Chicago, IL 60707
Local realty services provided by:Better Homes and Gardens Real Estate Connections
2554 N Oak Park Avenue,Chicago, IL 60707
$800,000
- 8 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:adam max
Office:compass
MLS#:12481759
Source:MLSNI
Price summary
- Price:$800,000
About this home
Prime Montclare 4-unit apartment building with three (3) additional non-conforming garden units, offered for the first time in 20+ years. Unit mix includes four (4) spacious 2BD/1BA apartments featuring hardwood floors, decorative fireplaces, and separate dining rooms, plus two (2) 1BD/1BA and one (1) 2BD/1BA non-conforming garden apartments. Key improvements include separately metered electric with 200-AMP service, vinyl windows (last 15 years), flat roof with new layer (~10 years), GE hot water heater (2010), and gas-forced furnaces. Second-floor tenants pay their own electric, cooking gas, and heat; first-floor and garden units have owner-paid heat. Additional features: building-owned coin laundry and attached two-car brick garage. Current rents are well below market, creating a strong value-add opportunity through renovations, and rental increases. Excellent investment for long-term cash flow and appreciation in a stable neighborhood.
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Home facts
- Year built:1926
- Listing ID #:12481759
- Added:1 day(s) ago
- Updated:September 27, 2025 at 10:46 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1926
Utilities
- Water:Lake Michigan
Finances and disclosures
- Price:$800,000
- Tax amount:$6,544 (2023)
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